The latest unemployment figures show that labor markets remain stagnant. Unemployment has been over 7% for going on five years now and it is declining so slowly that it would be September 2019 before we returned to the 4.4% that prevailed in May 2007 (calculations based on trends since October 2009 when unemployment peaked at 10%). Why is this? What is the causal factor responsible for this terrible number of chronically unemployed?Forbes — Pragmatic Economics
The Unemployed: Victims Or Villains?
John T. Harvey | Professor of Economics, Texas Christian University
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